Word: viacom
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Dates: during 2000-2009
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Executives at the MTV networks stood and roared their approval at a budget meeting last November when Sumner Redstone, chairman and CEO of parent company Viacom, pledged $30 million of corporate cash to launch Logo, a gay channel that the MTV brass had regarded as a top priority. Under Viacom president and heir apparent Mel Karmazin, the channel had been delayed. But at this meeting, attended by Karmazin, Redstone openly said to MTV chief Tom Freston, "You want to do it? You have the money." Karmazin was silent. "It was a dramatic moment," Freston recalls. "All of a sudden...
...will allow the pair to sell most of the company if they choose to, yet retain voting control. The stock that Page and Brin keep will have 10 votes for every one that common shareholders get. Dual-class stock is rare, though it exists at companies like Dow Jones, Viacom and Buffett's Berkshire Hathaway. Although some of these stocks perform well, activists dislike the structure...
...deal, approved by regulators in December, extends Murdoch's globe-spanning satellite empire to North America; bolsters his strategy of marrying distribution and content; and seems to have triggered, as his maneuvers often do, another tectonic shift in the communications landscape. Why is Comcast suddenly bidding for Disney and Viacom eyeing the cable industry? Because on the billiard table that is the media business, Murdoch is the cue ball. Everything he does creates a chain reaction, often leading to unexpected combinations...
...Want My MTV! U.S. media giant Viacom ended a dispute with EchoStar that left 9 million of the satellite TV provider's customers without access to Viacom channels, including MTV and Nickelodeon, for two days...
Acquirer (Target) VALUE 1. AOL (Time Warner) $182 billion 2. AT&T (TCI Inc.) $70 billion 3. Comcast (Walt Disney) $66 billion *4. AT&T (MediaOne) $52 billion 5. Comcast (AT&T Broadband) $51 billion 6. Viacom (CBS) $40 billion 7. Clear Channel (AMFM Inc.) $23 billion...